Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

that select Big 4 auditors are firms that have higher reporting quality. As a result, without auditor factors, these firms innate fewer mistakes that require audit adjustments. For auditor factor

2016 2017 DW Trading Value (Mil. THB) Index DW Trading Value (Mil. THB) Recall: Option price consists of 2 components. Intrinsic value + Time (betting) value 5 Factor Calls Puts Note Asset price (S

Seller entered into a Share Purchase Agreement on 13 th May 2018. The Company expects the closing of the transaction to be during the second quarter of 2018 subject to the applicable regulatory approvals

encouraged audit firms without an international network to form a coalition to share academic supports among themselves. For example, a joint development of an audit program, joint training sessions, and

disseminate knowledge and share working experiences in the accounting professions in the capital market, and to attract students into the accounting professions. This could help increase the number of auditors

installment ended March 31, 2019, causing the Discounted Cash Flow method does not show the intrinsic value of NINE. The source of the total number that does not exceed Baht 350,000,000 received from a share

outstanding shares of NINE, at the price of not lower than Baht 2.62 per share which is the average price that the Company acquired the NINE’s ordinary shares. Additionally, the total amount received from the

and David Dodd in 1934 • Finding price-intrinsic value discrepancies in the market • Various price-based ratios and future stock returns ⋄ Earnings-to-price ratio (Basu, 1977) ⋄ Dividend-to-price ratio

or markets  Trackers: low-cost investment  Strategic Beta: beyond cap-weighting 20 Outlines 21 Global equity mutual fund flows from active to passive Share of passively-managed equities Source: EPFR